Monolithic Power Systems, Inc. (NASDAQ:MPWR) CEO Michael Hsing sold 17,354 shares of Monolithic Power Systems stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $113.85, for a total value of $1,975,752.90. Following the completion of the transaction, the chief executive officer now owns 1,088,915 shares in the company, valued at approximately $123,972,972.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Hsing also recently made the following trade(s):
- On Monday, February 12th, Michael Hsing sold 96,181 shares of Monolithic Power Systems stock. The shares were sold at an average price of $108.19, for a total value of $10,405,822.39.
- On Tuesday, November 14th, Michael Hsing sold 18,817 shares of Monolithic Power Systems stock. The stock was sold at an average price of $119.63, for a total value of $2,251,077.71.
Monolithic Power Systems, Inc. (MPWR) traded up $0.06 during trading on Wednesday, hitting $109.97. The stock had a trading volume of 409,000 shares, compared to its average volume of 347,049. Monolithic Power Systems, Inc. has a 1-year low of $84.45 and a 1-year high of $126.80. The stock has a market capitalization of $4,573.79, a PE ratio of 74.67, a PEG ratio of 2.38 and a beta of 1.27.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The firm had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. equities analysts predict that Monolithic Power Systems, Inc. will post 2.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s payout ratio is 53.69%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPWR. Vanguard Group Inc. lifted its stake in shares of Monolithic Power Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock valued at $300,627,000 after purchasing an additional 85,754 shares during the last quarter. State Street Corp lifted its stake in shares of Monolithic Power Systems by 3.7% in the 2nd quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock valued at $131,351,000 after purchasing an additional 48,013 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Monolithic Power Systems by 4.1% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock valued at $128,958,000 after purchasing an additional 47,751 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Monolithic Power Systems by 4.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,017,256 shares of the semiconductor company’s stock worth $98,063,000 after acquiring an additional 46,077 shares in the last quarter. Finally, Earnest Partners LLC lifted its stake in Monolithic Power Systems by 0.4% during the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock worth $105,312,000 after acquiring an additional 3,973 shares in the last quarter. 92.25% of the stock is currently owned by institutional investors.
MPWR has been the subject of several recent analyst reports. Deutsche Bank raised their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. BidaskClub downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Oppenheimer boosted their price target on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, KeyCorp reissued a “buy” rating and issued a $125.00 price target on shares of Monolithic Power Systems in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $129.25.
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About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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